How Does Private Health Insurance Affect Child Support?
How does private health insurance affect child support? There are a number of factors that are used in calculating child support. One of the factors is private health insurance. The parent who pays for the health insurance for the children gets credit for it in the child support calculation. However, the parent is only entitled to credit for the marginal cost of health insurance. The marginal cost of health insurance is usually the difference between paying for their own insurance premium and the premium for both the parent and the children. The credit is issued by making the other parent contribute to the insurance in the form of an offset in child support equal to that other parent’s share of the total income earned by both parents.
Health Insurance Costs Affect Child Support Calculations
The following illustrates how the marginal cost of health insurance works:
The mother has custody of the children and the father pays child support.
The father makes $30,000 per year, and the mother makes $20,000 per year.
The father has health insurance which costs $100 per month for him and $300 per month for him and the children.
The marginal cost of insurance is $200.00 per month.
The father’s child support would be reduced by 40% of the cost of insurance, which is the mother’s share of the total income ($20,000/$50,000 = 40%).
The father’s reduction in child support is $80.00 per month.
Family Law Blogs And Daniel Gigiano Reviews
To read more, click on the following links to my other articles on support issues related to divorce and child custody cases: is Ohio spousal support counted as alimony by the IRS, the end of alimony in Ohio, the end of child support in Ohio, calculating alimony in Ohio, minimum amount of child support in Ohio, imputed income for Ohio child support, Ohio child support terms, and making that Ohio child support number change without a change in income. Attorney Gigiano’s hard work has resulted in highly successful results for many of his clients, as reflected in the following links to his reviews: Daniel Gigiano reviews; Daniel Gigiano ratings; working with Daniel Gigiano; and Daniel Gigiano work.
Work With Daniel Gigiano To Get Your Child Support Calculated Correctly
If you have questions about how does private health insurance affect child support or other questions you need answered by a Rittman child custody lawyer in Medina County, Barberton child support lawyer in Medina County, or Orrville divorce lawyer in Medina County, please call Attorney Daniel F. Gigiano at 330-336-3330, a divorce lawyer in Wadsworth, Ohio.
